ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

State-owned bank to invest 100bn yen in MRJ project

The Mitsubishi Regional Jet is unveiled to the public in Aichi Prefecture, central Japan, in October 2014.

TOKYO -- The Development Bank of Japan plans to pump slightly over 100 billion yen ($823.9 million) into the development of the Mitsubishi Regional Jet, a small passenger jet being built by a unit of Mitsubishi Heavy Industries.

     The money will mostly go toward facilities to build, maintain and repair the MRJ, Japan's first domestically developed and built plane since the turboprop YS11, which first flew in 1962 and is no longer in service in Japan. Some of the funds will be also used for capital investment in parts suppliers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more